RBI Retains Repo Rate At 6 5% For Sixth Time In A Row (2Nd Ld) menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
RBI Monetary Policy Committee: RBI Governor Shaktikanta Das said that the MPC remained resolute on containing inflation at a target of 4%. This is the sixth consecutive unchanged decision and comes after the Interim Budget was announced on February 1, 2024.
After the MPC outcome, the benchmark indices saw a rush to book profits, that drove the BSE Sensex down 493 points to 71,659, and the Nifty 50 down 137 points to 21,793, forming a bearish candlestick pattern on the daily charts
MPC holds rates as inflation target yet to be achieved - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Five out of six committee members on Thursday voted to keep the policy repurchase rate unchanged at 6.5%, and stance unchanged at withdrawal of accommodation.